Misra, who oversees the $100-billion technology-focused fund that has backed companies like Uber, WeWork, Oyo and Paytm, is said to have orchestrated efforts that included planting negative news stories and directing a concerted shareholder campaign to oust Nikesh Arora.

SoftBank’s core competence is in a specific sector, technology, and a specific category, late-stage venture capital. It needs to be crystal clear about why it would have an edge in the listed markets. The new offshoot would engage in financial engineering by wrapping listed investments in leveraged structures.

Named the "Opportunity Growth Fund", its total initial size is less than a typical single investment by the $100 billion Vision Fund, which is headed by Claure's rival Rajeev Misra, and will focus on African Americans and Latinos in the U.S..

Besides, they demanded reduction of cost of equity capital, simplification and rationalisation of duties and labour laws, adoption of international standards of alternative dispute resolution, export development funds for helping MSME exporters and ease of investment flow into manufacturing sector.

The Vision Fund is recovering from a series of stumbles. WeWork’s plan to go public last year imploded, forcing SoftBank to arrange a rescue financing of $9.5 billion in October. Uber, despite a recent surge, is trading about 24% below last year’s offering price

Son, who often goes by the nickname Masa, controls more than a quarter of SoftBank stock through various vehicles, and the company bylaws require two-thirds of votes to pass any proposal made through the board.